Monsanto cuts 12% of its workforce to save money amid profit drop

Monsanto cuts 12% of its workforce to save money amid profit drop

Falling commodity prices have sowed the seeds of destruction for 2,600 employees of agricultural giant Monsanto. The world’s top seed supplier is cutting 12 percent of its workforce to save money in the face of profit losses.

Monsanto Co.’s job cuts will coincide with a reorganization of its research and development activities.

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